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Million Headline News

3DO Posts Losses But Meets Expectations For Quarter

By Dan Sarto | Tuesday, May 15, 2001 at 12:00am

The 3DO Company has announced losses for the fiscal fourth quarter and year ended March 31, 2001. Revenues for the company's fiscal fourth quarter were $19.0 million, compared to $47.3 million in the prior year's fourth fiscal quarter. The consolidated net loss for the quarter was $12.5 million, or a loss of $0.26 per share, compared to a profit of $11.5 million, or $0.26 per diluted share in the same quarter last year. Revenues for the fiscal year were $82.8 million, compared to $122.2 million in fiscal 2000.

Million Headline News

Infogrames Losses Shrink, Revenues Expand

By Dan Sarto | Tuesday, May 15, 2001 at 12:00am

Infogrames, Inc., has announced results for its fiscal 2001 third quarter and nine months ending March 31, 2001. Third quarter revenues increased to $70.8 million, compared to $63.6 million for the same period in 2000. Publishing revenues increased to $47.0 million from $32.6 million in the prior year period, while distribution revenues decreased to $23.8 million from $31.0 million in the prior year period. The third quarter net loss decreased to $21.4 million, or $0.31 per share, compared to a net loss of $168.7 million, or $8.17 per share for the same period in 2000.

Animation Headline News

MTV Greenlights Two New Comedies

By Dan Sarto | Tuesday, May 15, 2001 at 12:00am

MTV has announced its 2001 slate of animated projects, which includes two green-lit animated comedy series and a full roster of other series in development. These shows represent the networks most ambitious move yet into the world of animation, teaming MTV with an A-list of writers, artists and producers. CLONE HIGH follows the lives of four present day high school characters that happen to be cloned from the extracted DNA of some of the most important men and women in history.

Film Headline News

MTV Picks Up Film Roman’s Hairball

By Dan Sarto | Tuesday, May 15, 2001 at 12:00am

Leading independent animation production house Film Roman, Inc. announced on Tuesday, May 15, 2001, that one of its Web short, HAIRBALLS, has been picked up by MTV for development into a TV series. HAIRBALLS is an animated dark comedy with a satirical twist on the classic "cat and mouse" cartoon story. The Web toon was created by Doug Lawrence (REN AND STIMPY) and developed by Eric Radomski, creative head of animation and executive producer for Film Roman's Website, LEVEL13.NET. The short won an Honorable Mention at the 2000 Playboy Animation Contest and an Annie Award nomination in 2000.

Animation Headline News

Affiliate Animator Edwing Solórzano Reaches The Latin Market In The USA

LBA, Latin Business Association, the largest Latino entrepreneurscommunity, has contracted the services of Colombian animator EdwingSolórzano and Animateam, his 2D/3D animation company, for a 2 and ahalf minute promotional animated presentation for the 5th annualBusiness Expo (November 14-15, 2001, Los Angeles, California,U.S.A.). Discover Edwing Solórzano's work through his new gallery inthe Animation Showcase.

Animation Headline News

New Additions To AWN's Calendar Of Events

This week's updates to the Calendar of Events includes: CalArtsCharacter Animation Student Screenings, Valencia, California USA,April 27 - May 12, 2001; Cartoon Network A Racket In Mexico, MexicoCity, Mexico, April 28 - May 13, 2001; Direct Animation Workshops AndScreenings, Seattle, Washington USA, May 04 - 12, 2001; AmericanCinematheque Presents: 2001 Skyy Vodka Short Film Award Winners &Finalists Marathon, Los Angeles California USA, May 16, 2001; RMCADand ASIFA-Colorado Present Edward Bakst, Denver Colorado, USA, May

Animation Headline News

New This Week At Animation World Magazine

Animation World Magazine has a brand new look and a brand newpublishing schedule: we're now publishing every week! No longermonthly, Animation World Magazine is now updated each and every weekwith the same thoughtful and comprehensive coverage of the animationindustry you've come to expect on the first of every month. We'respreading our special features and theme-based articles across theentire month. This month we are focusing on RECRUITING AND JOBS. We

Headline News

Northern Lights, Arete Announce Psunami

Northern Lights Productions and Arete Entertainment announced the release of Arete's award-winning Psunami version 2.0 for Electric Image's Universe. Psunami is a hybrid plug-in/shader that allows users to create photo-realistic oceans and skies. "It's fun to watch people do a double-take when they see a Psunami animation. They can't quite tell that it's not real and that's the goal," said Blair Burtan, founder of Northern Lights.

Headline News

RE:Vision Releases Twixtor

RE:Vision Effects Inc. has released ReelSmart Twixtor, a re-timing solution for Shake. The plug-in enables artists to speed up and slow down image sequences. Twixtor synthesizes unique new frames by warping and interpolating frames of the original sequence, using proprietary tracking technology that calculates motion for individual pixels.

Film Headline News

Film Roman Announces Quarterly Profit

By Dan Sarto | Monday, May 14, 2001 at 12:00am

Leading independent animation house Film Roman announced increases in revenue and operating income for the their most recent quarter. Company revenue increased by 51% or $6.5 million, to $19.2 million for the quarter ended March 31, 2001 from $12.7 million for the quarter ended March 31, 2000. The company attributed the increase to the delivery of more fee-for-services episodes and a movie-of-the-week special.

Animation Headline News

Threat Launches New Digital Studio

Threat, a new digital studio providing editing, visual effects, animation and compositing services, has launched in Santa Monica. The company has established itself in a new $5.5 million facility to provide end-to-end post services for commercials, entertainment television, feature films, music videos and new-media.

Imax Headline News

IMAX Corporation Reports First Quarter Results

In a May 11, 2001 announcement, entertainment technology company IMAX Corporation reported its results for the first quarter ended March 31, 2001. The company reported a loss of $0.23 per share for the first quarter before the impact of a previously announced restructuring charge. After the impact of the restructuring charge, IMAX reported a loss of $0.46 per share. The company's comparative results for the first quarter of 2000 were: earnings of $0.06 per share before the cumulative effect of changes in accounting principles and a loss of $1.92 per share after such changes.

Animation Headline News

The Webisode Academy Presents: A Discussion on Animation Production Management

* Wednesday, May 30, 2001. Burbank, California, U.S.A.

The Webisode Academy is presenting a panel on animation production management, featuring a discussion about management training and resources, incorporating Catherine Winder & Zahra Dowlatabadis new book, PRODUCING ANIMATION. The event is sponsored by Women in Animation. The director of the Webisode Academy, Kellie-Bea Cooper, will serve as moderator. For more information: Tel.: (818) 508-TOON; E-mail: info@webisode-academy.com.

Million Headline News

Activision Posts Record Gains

In a May 9, 2001 announcement, Activision, Inc. reported fourth quarter and fiscal year results for its interactive entertainment business. For the fiscal year ended March 31, 2001, net revenues were $620 million as compared with $572 million for the fiscal year ended March 31, 2000. Net income for the fiscal year was $21 million, or $0.75 per diluted share, compared with a net loss of $34 million, or $1.38 loss per diluted share reported for last year.

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